Is the ECB going to signal an early 2024 rate cut? Markets prepare for December meeting

<p>Via ING come their regular pre-European Central Bank meeting awesome Cheat Sheet. Keep this handy for December 14!</p><ul><li>Heading into the European Central Bank's December meeting, there is growing evidence that the Governing Council is split about the messaging being presented to markets. The generally arch-hawk Isabel Schnabel dropped strong dovish hints by ruling out rate hikes this week, and markets are now pricing in 135bp of cuts in the next 12 months. We see a good chance that the overall message at this meeting will fall short of endorsing aggressive rate cut expectations.</li></ul><p>Earlier posts on whats to come from the ECB:</p><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-forecasts-first-rate-cut-from-european-central-bank-ecb-in-april-2024-20231207/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs forecasts first rate cut from European Central Bank (ECB) in April 2024,</a></li><li><a href="https://www.forexlive.com/centralbank/deutsche-bank-now-sees-the-first-ecb-rate-cut-in-april-20231206/" target="_blank" rel="follow" data-article-link="true">Deutsche Bank now sees the first ECB rate cut in April</a></li><li><a href="https://www.forexlive.com/news/traders-have-more-or-less-priced-in-a-rate-cut-by-the-ecb-for-march-next-year-now-20231205/" target="_blank" rel="follow" data-article-link="true">Traders have more or less priced in a rate cut by the ECB for March next year now</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.